What are NFTs?

🤔What are NFTs?🤔
‼️Non Fungible Tokens (NFTs) — are the distinctive crypto assets that carry unique information and are non-interchangeable and indivisible. In essence, the uniqueness of the data stored inside the NFTs makes them non-interchangeable. Moreover, a user can not share a portion of their NFT with someone else over the blockchain network due to its indivisibility feature. NFTs are based on several protocol standards, however, ERC-721 is the first among them all and the most popular one.‼️

Why do we need NFT tokens?
🔹 With the help of NFT tokens, developers have solved the problem of securing ownership of digital objects. Let’s consider a game, for example. When purchasing a new weapon for a character, the user couldn’t be 100% sure that the new attribute would stay with them forever, in its unchanged form.

🔹The fact is that the developers, using their position, can make adjustments, to change, to replace and even remove game items. In this case, if the weapon was tokenized in NFT-format, the player can be sure that his ownership is confirmed, and there is no risk to the item.

🔹All information about the owner and their tokenisation is secured on the blockchain. It’s impossible to replace the data, or erase the information. This is made possible by a feature of the technology.